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Elizabeth Dilts

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

May 23 2017

Morgan Stanley to curb veteran adviser recruiting

NEW YORK Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month by competitor Bank of America Merrill Lynch.

May 19 2017

Betterment adds Labor department, BlackRock experts to 401(k) plan board

NEW YORK Robo-adviser Betterment, in a push to try to get more big companies to sign on to its 401(k) plan, beefed up the board of advisers of its retirement product on Friday by adding two leaders in the movement for cutting investment costs for companies and employees.

May 12 2017

Merrill Lynch to freeze costly recruiting bonuses for brokers

NEW YORK Bank of America Corp's Merrill Lynch will stop paying the big upfront bonuses that Wall Street brokerages have long used to lure talent, ending a costly practice that did not always reap returns.

May 11 2017

Bank of America's Merrill Lynch to debut fiduciary-friendly account option

NEW YORK Bank of America Corp's brokerage, Merrill Lynch, said on Thursday it will roll out a commissions-paying retirement account compatible with a new U.S. Labor Department regulation that raises the standards for client care.

May 03 2017

Morgan Stanley drops Vanguard mutual funds

NEW YORK Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm.

Apr 28 2017

UBS's U.S. wealth business sees profits rise on client activity, lower recruiting

NEW YORK Swiss bank UBS AG reported Friday that profits for its Wealth Management Americas business rose 8 percent over last year as higher operating income, client activity and cuts to recruiting offset higher employee pay doled out to top brokers.

Apr 28 2017

UBS's U.S. wealth business sees profits rise on client activity, lower recruiting

NEW YORK Swiss bank UBS AG reported Friday that profits for its Wealth Management Americas business rose 8 percent over last year as higher operating income, client activity and cuts to recruiting offset higher employee pay doled out to top brokers.

Apr 19 2017

Wealthfront branches out into loans in new competitive push

NEW YORK Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending.

Apr 18 2017

Bank of America's wealth revenue rises on assets under management, fees

NEW YORK Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday.

Apr 18 2017

Bank of America's wealth revenue surges on assets under management, fees

NEW YORK, April 18 Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday.

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